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It was the key competitor of Matchbox before 1997, when Mattel bought Tyco Toys, then-owner of Matchbox.
Many auto manufacturers have licensed Hot Wheels to make scale models of their cars, permitting the use of initial design patterns and detailing. Though Hot Wheels were originally meant for children and young adults, so they have become popular with adult lovers, such as limited edition models are currently made accessible.
Racing track set
Besides the cars themselves, Mattel produced a racing track set (sold individually). Though it would be updated during the years, the initial track consisted of a set of brightly colored orange road segments (pieced together to make an oblong( circular race track), with a single (or sometimes two) “super walkers” (artificial service channels by which cars passed on the paths, including battery-powered spinning wheels, which would propel the cars along the tracks).
During time, Hot Wheels cars are gathered mostly by kids, but in the previous 15 years[vague] there’s been a growth in the amount of adult collectors. Mattel estimates that 41 million kids grew up playing with all the toys, the average collector has over 1,550 automobiles, and children between the ages of 5 and 15 have a mean of 41 cars. Most believe the collecting trend began with this Treasure Hunts at 1995. Mike Strauss was called the father of Hot Wheels amassing; he has arranged two collectors’ occasions annually in some sort since 1986. The very first event was the Annual Hot Wheels Collectors Convention, usually held every year in the autumn. The conference happened in a variety of locations around the country before 2001, when the first Annual Hot Wheels Collectors Nationals was placed together. Ever since that time, the Conventions are held every year in southern California. The Hot Wheels Collectors Nationals rotate among cities outside of California throughout the spring. Strauss has also published the quarterly Hot Wheels Newsletter since 1986 and was among the first to unite collectors all over the world. In addition, he writes on the Tomart’s Guide Into Hot Wheels, a book listing history, car descriptions and worth, which can be used by almost every collector to find out more about the hobby and their own collection. Strauss sold his collection in 2011 and retired in the Hot Wheels Newsletter.
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